China Sky One Medical, Inc. (CSKI) Plummets In The After Hours
China Sky One Medical, Inc. (NASDAQ: CSKI) dropped 27.76% in the after hours trading, after the company lowered its FY 2010 guidance. But that was not the only bad news for China Sky One Medical, Inc. (CSKI) today. Its Chief Financial Officer, Stanley Hao, resigned due to health considerations.
The China-based company lowered its net income and total revenue guidance for FY 2010. It now expects net income to be in a range between $26 and $31 million, instead of $40 to $41 million. China Sky One Medical (CSKI) expects its revenue to be in a range of $128 million to $136 million, and its previous expectations were in a range between $160 million to $164 million.
China Sky One Medical (CSKI) gained 1.04%, and closed at $9.69 in the regular trading session. In the after hours, it fell 27.76% to $7. Its after hours volume is currently 171K traded shares, and 222K shares were traded in the regular trading session.
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